This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies, Winter 2016
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies, Winter 2016
Urban City Economic Analysis
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- Halifax’s economy will grow by 2.9 per cent this year as work at the shipyard ramps up on Arctic offshore patrol ships.
- The weak Canadian dollar will benefit manufacturing and tourism, helping Québec City’s GDP grow by 2 per cent in 2016.
- Montréal’s GDP will rise 2.3 per cent in 2016, thanks to the recovery in manufacturing and steady business services growth.
- Ongoing strength in non-residential construction will help Ottawa–Gatineau’s economy grow by 1.7 per cent this year.
- Toronto’s GDP will grow by 2.8 per cent in 2016, with notable help from manufacturing, construction, and business services.
- Strength in construction and manufacturing will support growth of 2.2 per cent in Hamilton’s economy this year.
- Winnipeg’s economy will grow 2.5 per cent in 2016 as manufacturing and construction activity pick up.
- Weak prices for oil and other commodities will limit Regina’s real GDP growth to 1.1 per cent in 2016.
- Saskatoon’s economy will expand by only by 1.1 per cent this year, held back by low prices for oil and other commodities.
- Calgary’s real GDP will decline by 1.2 per cent in 2016 as low oil prices continue to hamper the region’s economy.
- Sideswiped by low oil prices, Edmonton’s economy will contract by 1.3 per cent this year.
- Strength in manufacturing, construction, and the services sector will help GDP grow by 3.3 per cent in Vancouver in 2016.
- Victoria’s GDP will rise 2.3 per cent in 2016 thanks to non-residential construction and renewed public administration growth.
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